Dump Reversal Peak Trail v2 (DRPT)
Dump Reversal Peak Trail v2 (DRPT) is an open-source TradingView strategy that buys capitulation dips and rides the rebound with a peak-retrace trailing exit; it is non-repainting and suited to liquid majors and top alts on 5–15 minute charts. Developed by the GeekTrade team — use it for free on TradingView and connect it to geektrade.online for automated execution on Bybit.
How it works
- Detect a dump. The strategy looks for a single-bar "dump" that breaks the N-day low (using prior daily bars). That arms the logic.
- Wait for confirmation. It does not buy the knife. It waits for the first green close that also passes flatness and minimum-rebound filters, so you enter on confirmation, not the low tick.
- Trail from the peak. Once in a trade, it tracks the highest close since entry. After a minimum profit is reached, it exits on a configurable retrace from that peak (peak-retrace trailing exit).
- Cooldown. A cooldown period helps avoid immediate re-entries and overtrading.
You can tune anomaly threshold, flatness, rebound, and trailing parameters per symbol and venue. DRPT is aimed at liquid majors and top alts on 5–15 minute charts.
Strategy on the chart
Add the script to your chart, pick your symbol and timeframe, and adjust inputs as needed. The strategy is open-source so you can review and modify the logic.
Backtest snapshot
Performance depends on symbol, timeframe, and settings. Below is an example from the Strategy Report on TradingView (your results will vary).
Check the live script on TradingView for current metrics, full backtest range, and list of trades.
Use it on TradingView
Open the script, add it to your chart, and optionally connect a webhook alert to GeekTrade so signals execute automatically on Bybit (see our automation setup guide).
Open Dump Reversal Peak Trail v2 on TradingView